Are you thinking of buying a new home or a 2nd property as an investment? It is crucial to equip yourself with the ultimate tool – a home inspection. This process is not just a mere formality; it's your backstage pass to understanding the true essence of your potential home.
According to industry statistics, nearly 88% of homebuyers opt for a certified home inspector during their home inspection. Why? Because it goes beyond a simple pass or fail; it unveils the secrets and potential challenges hidden within the walls of your dream home.
In this article, we'll delve into the "Top Reasons Why Homes Fail Inspection," shedding light on potential pitfalls and providing ideas to help home buyers in their search for their dream home:
Top Reasons Homes Fail Inspection
Structural Problems
- Foundation Flaws: Cracks, troublesome tree roots, and uneven settling can be a red flag.
- Roofing Issues: Damaged or aging roofs can lead to a waterfall inside your house.
- Damaged Siding and Rotted Wood: Wood rot, especially from termites, could turn your dream home into a nightmare.
- Improper Grading and Water Damage: Water should be your house's friend, not foe. Grading issues or water damage can lead to mold and unwelcome guests.
System Issues
- HVAC Problems: Faulty heating, ventilation, and cooling systems can turn your comfort zone into a disaster zone.
- Electrical Issues: DIY wiring gone wrong can lead to approximately 51,000 home fires each year.
- Plumbing Problems: Leaky pipes may seem small but could lead to a plumbing nightmare.
- Malfunctioning Appliances: Your dream kitchen might turn into a nightmare if the appliances are on the fritz.
Pests and Toxicity
- Termite Damage: Mold damage left untreated could attract termites, causing structural issues.
- Pest Infestations: Unexpected house guests like mice, rats, bats, or carpenter ants are bad news.
- Asbestos and Lead Paint: Older homes may carry the history of asbestos and lead-based paint, which can be a deal-breaker.
- Radon and Carbon Monoxide: Hidden dangers like radon, a radioactive gas, need inspection attention.
- Violations of Local Building Codes: Renovations can add value, but if not done right, they could lead to a failed inspection.
What Happens if a Home Fails Inspection
When a home fails inspection, it doesn't necessarily spell the end of the deal. Homebuyers typically have several options to consider:
Requesting a Concession: Buyers can ask sellers for a concession, like getting a coupon for home repair services after the deal closes. Requesting Seller Repairs Before Closing: Sellers may fix small problems to keep the deal alive. Walking Away from the Deal: If significant problems are uncovered, walking away might be the smart move. Additionally, if you will need repair your home, our sister construction company Good Life Construction provides all types of home repair services.What Should I Do Before Home Inspection
As a prospective homeowner, proactively share any known issues with the property before the inspection. Additionally, accompanying the home inspector during their assessment offers invaluable insights into the intricacies of your new residence, fostering a deeper understanding.
In conclusion, a home inspection stands as an indispensable tool, empowering you with the knowledge to make an informed decision. The meticulous scrutiny ensures that the home you consider is not merely a facade but a sound and secure investment.
